[Are you familiar with the truth concerning Prescott Bush being a primary funding source of the NAZI war machine? ....Obviously, not!
Have you heard any of those rumors concerning post-WWII NAZI gold stolen from the Jews ending up is guess what family’s coffers?]
The average person has no idea how expensive WWII was. It cost 50% of US production every single year for 4 years. 14m Americans served in that war out of a population of 140m. That’s almost 1 out of every 2 fighting-age men. Relative to today’s economy, that would be the equivalent of $42T. That’s not even counting the death benefits for 400K dead GI’s and the massive toll placed on millions of servicemen who came back with physical or mental disabilities.
Just how big is $42T relative to our net worth (assets - liabilities) today? It’s about 1/3 of the total number of $123T. Note that the majority of those assets is real estate, whereas war generally requires things like gold and other portable items.
The Germans struggled to match this because we had twice the population, and an economy as productive as theirs. So they sold everything they could lay their hands upon in order to feed the inferno they had started in Europe. There was no Nazi surplus for Prescott Bush to profit off. And the bank Brown Brothers operated for a German industrialist was seized by the Federal government without compensation.
https://en.wikipedia.org/wiki/Prescott_Bush
https://en.wikipedia.org/wiki/Fritz_Thyssen
Friendly tip: Biased, incomplete and out-of-date Wiki pages are just a few reasons I never reference that ilk.
The page doesn’t mention Union Banking whatsoever...a rather convenient omission, considering GHWB’s pedigree...
https://www.washingtontimes.com/news/2003/oct/17/20031017-110534-8149r/